>Towards the end of Technofeudalism, Varoufakis canvasses some proposals, drawn from his earlier book Another Now (2020), for how to address these issues. These include ending the cloudalists faux “free service” model and replacing it with a universal micro-payment model, instituting a Bill of Digital Rights, and using digital technology to “democratise companies” (with decisions being taken collectively by “employee-shareholders”)
employee owned coops are a major socialist idea, and are a definitive step away from privately owned capital, toward collectively owned production by the employees (proletariat, if you will).
> nor is Yannis Varoufakis even remotely advocating eliminating the notion of private property ownership.
uh, yes, he does.
> I try to create a vision of a liberal, socialist society that is not based on private property but does use money as a vehicle for exchange and markets as coordinating devices. I preserve money and markets because the alternative would be to fall to some fearsome hierarchical control, which, for me, is a nightmare scenario.
when capitalism sublimates everything into commodity form, it's important to be reminded of the water we fish swim in.
Fun or Play can be considered useless if not being commoditized or sold, but of course they are essential. Byung-Chul Han has some nice books about this.
personally, i adopt the marxist analysis of capitalism being a particular mode of production where private productive property is owned and controlled by the owners/shareholders and labor is exchanged for wages.
if we are going to make a distinction between feudalism and capitalism, surely we can similarly make a distinction between capitalism and X, instead of simply defining capitalism uselessly as "free markets" or "human nature." it's inclusive of the institutions which uphold these relations.
longevity? uh... no. capitalism is very young in human society.
for clarity, feudalism lasted twice as long as capitalism has currently existed.
and while competition has dominated the scientific and cultural narrative for a while, that's not the exclusive interpretation, or even necessarily the best or correct one.
>Towards the end of Technofeudalism, Varoufakis canvasses some proposals, drawn from his earlier book Another Now (2020), for how to address these issues. These include ending the cloudalists faux “free service” model and replacing it with a universal micro-payment model, instituting a Bill of Digital Rights, and using digital technology to “democratise companies” (with decisions being taken collectively by “employee-shareholders”)
employee owned coops are a major socialist idea, and are a definitive step away from privately owned capital, toward collectively owned production by the employees (proletariat, if you will).
so, yes. he does. in this article.